Plains Gp Holdings (PAGP) Tax Rate (2012 - 2026)

Plains Gp Holdings (PAGP) reported Tax Rate of 2.4% for Q1 2026, down 585.0% year-over-year from 0.5% in Q1 2025, and down 90.48% quarter-over-quarter from 25.23% in Q4 2025.

Plains Gp Holdings (PAGP) Tax Rate (2012 - 2026) Analysis & Trends

Plains Gp Holdings (PAGP) has 15 years of Tax Rate data on file, last reported at 2.4% in Q1 2026.

  • Tax Rate for Q1 2026 came in at 2.4%, down 585.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 10.07% (down 92.0% YoY), and the FY2025 annual result was 6.59%, down 192.0% from the prior year.
  • Tax Rate slipped to 2.4% in Q1 2026 per PAGP's latest filing, from 25.23% in the prior quarter.
  • Over five years, Tax Rate peaked at 25.23% in Q4 2025 and troughed at 34.78% in Q4 2023.
  • A 5-year average of 7.32% and a median of 8.25% in 2025 frame the typical range for Tax Rate.
  • The sharpest annual moves came in 2023 and 2024: Tax Rate plunged 4228 bps in 2023, then surged 5145 bps in 2024.
  • A 5-year view of Tax Rate shows it stood at 7.5% in 2022, then sank by 564 bps to 34.78% in 2023, then jumped by 148 bps to 16.67% in 2024, then surged by 51 bps to 25.23% in 2025, then slumped by 90 bps to 2.4% in 2026.
  • Business Quant data shows PAGP's Tax Rate at 2.4% in Q1 2026, 25.23% in Q4 2025, and 6.55% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Enbridge 88.33 Bn 89.03 Bn 6.70 Bn 24.82%
2 Enterprise Products Partners 80.83 Bn 79.68 Bn - 1.45%
3 Kinder Morgan 69.66 Bn 70.75 Bn 3.08 Bn 22.28%
4 Energy Transfer 65.60 Bn 64.88 Bn 6.62 Bn 6.40%
5 Scorpio Tankers 59.17 Bn 58.19 Bn - -
6 Mplx 57.43 Bn 55.92 Bn 2.54 Bn 0.11%
7 Targa Resources 56.68 Bn 56.71 Bn 1.70 Bn 20.27%
8 Oneok 55.34 Bn 55.21 Bn 2.57 Bn 24.00%
9 Tc Energy 50.79 Bn 51.99 Bn 2.95 Bn 10.04%
10 Plains Gp Holdings 4.82 Bn 4.65 Bn 977.00 Mn 2.40%

Historic Data

Download Data
DateValue
Mar 31, 2026 2.40%
Mar 31, 2026 2.40%
Dec 31, 2025 25.23%
Dec 31, 2025 25.23%
Sep 30, 2025 6.55%
Sep 30, 2025 6.55%
Jun 30, 2025 6.99%
Jun 30, 2025 6.99%
Mar 31, 2025 8.25%
Mar 31, 2025 8.25%
Dec 31, 2024 16.67%
Dec 31, 2024 16.67%
Sep 30, 2024 1.95%
Sep 30, 2024 1.95%
Jun 30, 2024 18.39%
Jun 30, 2024 18.39%
Mar 31, 2024 14.56%
Mar 31, 2024 14.56%
Dec 31, 2023 -34.78%
Dec 31, 2023 -34.78%